Overview

• Nissan will close seven factories and cut 20,000 jobs globally as part of a major cost-cutting initiative to address record losses.
• The Sunderland plant in the UK, Nissan's largest European facility, is spared and will produce at least two new electric vehicle models.
• CEO Ivan Espinosa has expressed openness to producing vehicles for Chinese partner Dongfeng at the Sunderland factory to optimize capacity.
• The company is urging the UK government to provide energy cost relief, citing higher operational expenses compared to other markets.
• Reports suggest potential additional closures in Japan and Mexico, though Nissan has labeled these reports as speculative.